Industrial policy has returned to the centre of global economic debate. Once dismissed as inefficient, government intervention is now seen as vital for addressing climate change, technological competition and supply chain vulnerabilities. Yet the rise in uncoordinated national strategies risks...

In light of recent pronouncements of tariff hikes in the United States (US) and the retaliatory responses of major economies such as China, Canada, and Mexico, this paper revisits the global value chains (GVC) experience of the Philippines amid the trade tensions between China and the US from...